Lenders to share credit information on fortnightly basis instead of monthly from January 2025
New Delhi [India], August 8 (ANI): The Reserve Bank of India (RBI) has reduced the mandated frequency of reporting of credit information by Credit Institutions to Credit Information Companies.
The reporting of credit information will have to be shared fortnightly effective January 1, 2025, instead of the current practice of monthly by lenders. However, the CIs and CICs are encouraged to give effect to these instructions a